Loans to Corporates and Entrepreneurs
The level of interest rates on loans established by Bank FORUM depends on the following:
- loan amount
- purpose of financing
- tenor of the loan
- client’s financial position
- cost of credit resources
Interest rates on loans are attractive and flexible in calculation.
Credit financing is carried out in the form of:
- loans
- credit lines
- overdrafts
Loans are extended to residents of different types of ownership and legal forms that are involved in economical activities in various sectors of economy. The principal criterion for consideration of a loan application is the financial position of a prospective borrower and the ability to repay the principal and interest of the loan in time.
Loans are not provided for:
- repayment of overdue indebtedness
- formation and replenishment of authorized capital
- redemption of bank’s stock
The following collateral types can be accepted by the Bank:
- movables and immovables
- rights of property
- monetary funds placed in JSCB FORUM - deposits from individuals and corporate entities
- guarantees and undertakings both from individuals and corporate entities
Overdraft is a type of short-term lending provided by the Bank to its Clients in order to cover temporary lack of circulating capital and to keep current settlements in national currency at the adequate level. The loan is provided as an execution of payment documents exceeding the current account balance which would otherwiase bounce within the amount agreed in advance. The loan is repaid by all funds that are credited to the Client’s current account.
Loan for replenishment of circulating capital is designed for financing of the current economic activities of the Client (purchase of raw materials, working stock, procurement of materials for their following sale etc). Credit terms may vary up to one year. Interest on loan is accrued on a monthly basis for the actual number of days of the loan utilization.
Credit line is extended through provision of tranches during a distinct period of time within the limit specified in the contract and without any additional negotiations.
A credit line can be of two types:
- Non-revolving credit line — the Client receives tranches in contractually agreed amounts within the limit established by the Bank on the line
- Revolving credit line — the Client receives tranches within the limit established by the Bank on the credit line. Partial or whole repayment of previously received tranches enables the receipt of new ones within the limit and according to the conditions of the Contract
Limit on the credit line is the maximum loan balance specified by the loan contract. Credit Line enables a borrower to repeatedly carry out various credit operations. Collateral is registered only once — at the day of opening of the Credit line.
Investment loan is provided for construction and reconstruction, modernisation and purchase of equipment, real estate, introduction of new production technologies and other capital investments provided that own funds of the borrower involved are not less than 30% of the project costs.
All types of loans except overdraft are repaid:
- in accordance with an approved schedule
- in equal parts (on a monthly, quarterly basis etc)
- with deferred repayment during a certain period
- by single repayment at the end of the term
- advanced repayment at Client’s will
For additional information, please call our Call Centre at tel.: +38 044 206-63-32